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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
From Microsoft exit to ₹600-crore activewear brand: Tirup...
2026-04-21 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine
Technosport factory inside the Perundurai Sipcot Industrial Estate

Technosport factory inside the Perundurai Sipcot Industrial Estate | Photo Credit: Bijoy Ghosh

Leaving a stable job at Microsoft in 2007, at a time when the IT sector was booming, Sunil Jhunjhunwala took a leap of faith into entrepreneurship. Armed with just ₹20 lakh in family savings, he entered the textile industry to launch Technosport in Tiruppur — a decision that has since transformed into a ₹600-crore activewear business, now eyeing ₹1,000 crore in revenue this fiscal.

In its early years, Technosport was not a manufacturer but a trader. The company sourced synthetic fabrics from hubs such as Ludhiana and Silvassa, got garments stitched in Tiruppur, and sold them under its own label.

The founding insight was straightforward: while global brands such as Nike, Adidas and Reebok were gaining popularity in India, their products remained unaffordable for most consumers. Technosport sought to bridge that gap by “democratising” performance wear— offering comfort, durability and functionality at accessible price points.

However, the journey was far from smooth.

Early years

Sunil Jhunhunwala, Co-founder, TechnoSport

Sunil Jhunhunwala, Co-founder, TechnoSport | Photo Credit: Bijoy Ghosh

In the beginning, while the company could replicate the look of global products, it struggled to match their performance. The turning point came in 2010, when Jhunjhunwala visited textile expos in China and Taiwan. There, he gained insights into the science behind high-performance fabrics, particularly moisture management and durability — key differentiators for global brands.

This reshaped Technosport’s strategy. The company moved from merely sourcing fabrics to understanding and engineering them. Over time, it invested in building in-house capabilities, focusing on synthetic fibres suited to India’s climate and lifestyle, Sunil Jhunhunwala, Co-founder at TechnoSport, told businessline at his factory inside the Perundurai Sipcot Industrial Estate near Tiruppur.

The brand also repositioned itself from “sportswear” to “activewear”— a broader category catering not just to athletes but everyday users, including office-goers, delivery personnel and farmers. This shift significantly expanded its market in a price-sensitive country such as India.

Today, Technosport operates a vertically integrated fabric manufacturing facility in and around Tiruppur with a capacity of about 30 tonnes per day, translating into over 1.2 lakh garments daily. While garmenting continues to be outsourced, control over fabric production — its key differentiator — has enabled the company to maintain both quality and cost efficiency.

Sustainability has emerged as another pillar of growth. The company’s plant runs on renewable energy, adheres to zero liquid discharge norms, and focuses on reducing its carbon footprint.

Published on April 20, 2026